China Merchants Bank Co. (OTCMKTS:CIHKY) Stock Short Interest Report for October

Key Points

• Short interest plunged 64.6% in October to 11,693 shares from 33,022 shares at the end of September, representing 0.0% of shares outstanding and just 0.3 days to cover.
• China Merchants Bank shares rose 1.5% to $33.72, near the stock’s 12-month high of $34.88. The company has a $170.08 billion market capitalization and trades at a price-to-earnings ratio of 8.13.
• The bank reported quarterly EPS of $1.09 and revenue of $13.01 billion, slightly exceeding analyst expectations; analysts forecast full-year EPS of $4.57.

China Merchants Bank Co. (OTCMKTS:CIHKY - Get Free Report) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 11,693 shares, a drop of 64.6% from the September 30th total of 33,022 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 40,177 shares, the days-to-cover ratio is currently 0.3 days.

China Merchants Bank Trading Up 1.5%

OTCMKTS:CIHKY traded up $0.49 during trading hours on Thursday, hitting $33.72. 8,433 shares of the company traded hands, compared to its average volume of 35,632. The firm has a 50-day moving average of $32.85 and a 200 day moving average of $31.31. China Merchants Bank has a twelve month low of $27.26 and a twelve month high of $34.88. The stock has a market capitalization of $170.08 billion, a price-to-earnings ratio of 8.13 and a beta of 0.18.

China Merchants Bank (OTCMKTS:CIHKY - Get Free Report) last posted its quarterly earnings results on Friday, August 28th. The company reported $1.09 EPS for the quarter. China Merchants Bank had a return on equity of 12.45% and a net margin of 32.69%. The firm had revenue of $13.01 billion during the quarter, compared to analysts' expectations of $12.98 billion. Equities research analysts predict that China Merchants Bank will post 4.57 earnings per share for the current fiscal year.

About China Merchants Bank

China Merchants Bank Co, Ltd. is a commercial bank headquartered in Shenzhen, China. Founded in 1987, it provides banking and financial services to individuals, businesses, and institutional clients through its operations in mainland China and selected international markets.

The bank's retail banking activities include deposits, consumer and mortgage lending, credit cards, wealth management, private banking, payments, and digital banking services. Its corporate and institutional businesses provide working-capital and other loans, trade finance, cash management, investment banking, custody, foreign-exchange services, and financial-market products.

China Merchants Bank also operates through subsidiaries and affiliates involved in areas such as wealth management, financial leasing, fund management, and securities and investment services.

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